The federal government, on Thursday, in Abuja launched the National Electronic Assets Register, a platform created to track and manage government-owned assets across ministries, departments and agencies.
The initiative, championed by the Office of the Accountant-General of the Federation, is expected to enhance transparency and accountability in public asset management while aligning with global financial reporting standards.
Speaking at the launch in Abuja, the Accountant-General of the Federation, Oluwatoyin Madein, described the platform as a transformative step towards better financial management.
“We are here not just to witness the launch of a digital system, but to also be put through a few steps for the use of this initiative,” she said.
“It’s a journey of transforming the way we manage public resources, essential for the sustainability of our nation’s finances and the integrity of our financial systems.”
She highlighted that for decades, Nigeria had lacked a consolidated record of its assets, which had created gaps in financial reporting.
